Very Rare Investment Opportunity to own a Piece of Old Lyme History. Once was the Old Lyme Post office back in the day as well as a Pizza Shop and the original Candy Store. Just steps away from the beach, 47 Hartford Ave is in the Soundview Village District Zone. Current Mixed-use setup includes two street level retail store spaces, the 2nd & 3rd Floor contains residential space and a separate detached cottage also exists in the rear of the property. Restore this landmark building or start from scratch. If commercial isn’t your wheelhouse, then why not convert the two lower-level commercial spaces into residential with summer weekly rates and then lease academically in the off season. The possibilities for this project are endless and a solid ROI is very easy to achieve. Whether a Long Term Play or a Short Term, there is money to be made. For those who are in business and are about to experience a halt with construction as the economy takes a big hit, this may be a good place for you to utilize the labor you are going to have to carry during the slump, so why not invest in a project that will give you something to really sink your teeth into and come out on the other side with large profits.
Listed by Agnelli Real Estate, Jack D. Pragosa. Data sourced from SmartMLS
